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	<title>Rushforth.net News and Notes</title>
	<link>http://news.rushforth.net</link>
	<description>A dynamic newsletter from The Rushforth Firm, Ltd. This site contains general information, not legal advice.</description>
	<pubDate>Thu, 23 Aug 2007 04:50:14 +0000</pubDate>
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		<title>2007 Nevada Law Changes</title>
		<link>http://news.rushforth.net/2007-06-23/2007-nevada-law-changes/</link>
		<comments>http://news.rushforth.net/2007-06-23/2007-nevada-law-changes/#comments</comments>
		<pubDate>Sat, 23 Jun 2007 18:34:40 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[The 2007 Nevada legislature made a few changes that affect trusts and estates.  (References to &#8220;NRS&#8221; are references to the &#8220;Nevada Revised Statutes&#8221;.)

NRS Chapter 115 was amended to increase the homestead exemption amount from $350,000 to $550,000.  Existing homesteads are automatically covered by this amendment.
NRS Chapter 145 was modified to allow the deduction of [...]]]></description>
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		<title>Senate Defers Estate Tax Repeal</title>
		<link>http://news.rushforth.net/2007-04-18/senate-defers-estate-tax-repeal/</link>
		<comments>http://news.rushforth.net/2007-04-18/senate-defers-estate-tax-repeal/#comments</comments>
		<pubDate>Wed, 18 Apr 2007 21:33:07 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[Under current estate tax law, the &#8220;applicable exclusion&#8221; for estate taxes is $2 million in 2007 and 2008, increasing to $3.5 million in 2009.  In 2010, the estate tax would be repealed, but in 2011 it would reappear, reverting to a $1 million exclusion.  In its 2008 budget resolution, the U.S. Senate voted to extend [...]]]></description>
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		<title>Pension Protection Act of 2006 Contains Charitable Giving Provisions</title>
		<link>http://news.rushforth.net/2006-08-15/pension-protection-act-of-2006-contains-charitable-giving-provisions/</link>
		<comments>http://news.rushforth.net/2006-08-15/pension-protection-act-of-2006-contains-charitable-giving-provisions/#comments</comments>
		<pubDate>Tue, 15 Aug 2006 20:27:55 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[The Pension Protection Act of 2006 [H.R. 4, 109th Cong, 2nd Sess. (2006)] was passed by Congress, and the President has indicated he will sign the bill. This act includes several provisions altering the tax treatment of certain charitable gifts and corporate-owned life insurance (COLI) arrangements.

The bill allows an income tax exclusion for up to [...]]]></description>
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		<title>Estate Tax Law Update</title>
		<link>http://news.rushforth.net/2006-08-11/estate-tax-law-update/</link>
		<comments>http://news.rushforth.net/2006-08-11/estate-tax-law-update/#comments</comments>
		<pubDate>Fri, 11 Aug 2006 19:30:31 +0000</pubDate>
		<dc:creator>layne</dc:creator>
		
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		<description><![CDATA[On August 2, 2006 the Senate turned away Republican-sponsored tax reform legislation that would have adopted a $5 million &#8220;applicable exclusion&#8221; for estate tax purposes beginning in 2010.  This proposal had been approved by the House of Representives on July 28.  In addition to increasing the exclusion, the proposed legislation would have made [...]]]></description>
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